Judge Trims SASCO Claims In Lehman MBS Suit

Law360, New York (February 19, 2010, 4:32 PM EST) -- A federal judge has thrown out a slew of claims against principals of bankrupt Structured Asset Securities Corp. in a putative class action brought by purchasers of mortgage-backed securities from a Lehman Brothers Holdings Inc. affiliate.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York threw out claims Wednesday relating to all but six of the 94 separate offerings of mortgage pass-through certificates in the case and left only one of the plaintiffs' four allegations of misstatements intact against...